martin feinberg, who actually lives in newtown connecticut. the elder mr. feinberg today called the events devastating. joining me now is daniel gross the global business editor for "newsweek" and the "daily beast." he has been covering the cerberus story. he's coming to us from new york. welcome back inside "the war room." >> good to be here. >> jennifer: so how significant is it that the california teacher's pension is threatening to divest from this fund and what does this portend for other potential pension funds? >> i think it actually is pretty significant. i wouldn't say it is a dirty little secret. it is very little known if this whole private equity industry, we're talking about the blackstone group and bain capital and kkr and cerberus, all of these billionaires who are buying and selling companies, this whole industry only exists because public employee pension funds invest lots of money into them. it got started with the oregon public employee pension fund. any viewers out there if you work for a city or state or teacher, you can go to the web s